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Fed's dovish shift a mixed blessing for BOJ rate hike plan

2024-08-26 00:00:00

JACKSON HOLE, Wyoming, Aug 25 (Reuters): The US Federal Reserve's dovish shift will likely give the Bank of Japan some respite in its battle to tame a weak yen, but could complicate its efforts to raise interest rates if the...

India approves assured pension scheme for federal government employees

2024-08-26 00:00:00

NEW DELHI, Aug 25 (Reuters): The Indian government approved on Saturday a pension scheme which will guarantee federal government employees 50 per cent of their base salary as a pension, moving away from a current scheme where the payout is...

Investors rush to money market funds before Fed rate cut, BofA says

2024-08-26 00:00:00

LONDON, Aug 25 (Reuters): Investors poured $37 billion into cash-like money market funds (MMFs) in the week to Wednesday, Bank of America said on Friday, as they braced for the US Federal Reserve to cut interest rates in September.It put...

Nestle CEO Schneider was ousted after underperformance

2024-08-26 00:00:00

ZURICH/LONDON, Aug 25 (Reuters): Nestle CEO Mark Schneider was ousted in a sudden decision by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday.Nestle announced Schneider's departure late...

China's Sinopec posts 2.6pc rise in first-half profit

2024-08-26 00:00:00

BEIJING, Aug 25 (Reuters): China's Sinopec posted a 2.6 per cent rise in net profit for the first half of the year, it said on Sunday, as rising oil prices boosted income.China Petroleum & Chemical Corp as Sinopec is officially...

S Korea to advance EV battery certification scheme after fires

2024-08-26 00:00:00

SEOUL, Aug 25 (Reuters): South Korea's government and ruling party have agreed to move up an electric vehicle battery certification programme, the party said on Sunday, as authorities seek to alleviate public safety concerns after a series of fires involving...

BKB TO DONATE TK 10 MILLION FOR FLOOD-AFFECTED PEOPLE

2024-08-26 00:00:00

Bangladesh Krishi Bank (BKB) decided to donate TK 10 million from the bank's staffs salaries equivalent to a day's one to the Chief Advisor's relief and welfare fund to help the continuous and devastating flood-affected people of the country. The...

Risk Management Committee meeting of Shahjalal Islami Bank

2024-08-26 00:00:00

The 66th meeting of the Risk Management Committee (RMC) of the Board of Directors of Shahjalal Islami Bank PLC was held at its Corporate Head Office in Dhaka recently. The meeting was presided over by Md. Towhidur Rahman, Chairman of...

ICSB HOLDS A TRAINING ON FILING OF INCOME TAX RETURN

2024-08-26 00:00:00

Institute of Chartered Secretaries of Bangladesh (ICSB) organised a day-long training on 'Filing of income tax return for companies and individuals: focusing on compliance with the Income Tax Act-2023' held at a city hotel in Dhaka on Saturday. ICSB President...

Power, Energy & Mineral Resources ministry to donate one-day salary for flood victims

2024-08-26 00:00:00

The officials and employees of Power, Energy and Mineral Resources Ministry have decided to donate an amount equivalent to one day's salary to relief and welfare fund of the Chief Adviser to the interim government, reports BSS.In order to help...

BAPI to provide medical and food support for flood victims

2024-08-26 00:00:00

The Bangladesh Association of Pharmaceutical Industry (BAPI) in collaboration with the 'Anti-Discrimination Student Movement,' organised a relief programme to provide medical and food support to flood-affected people of the country on Saturday. To mark this initiative, a meeting was held...

Janata Bank, Agrani Bank donate one-day salary for flood victims

FE DESK | 2024-08-26 00:00:00

Janata Bank PLC has made a donation equivalent to one-day salary of all levels of employees to the Chief adviser's Relief and Welfare Fund for the flood-affected people, said a press release on Sunday.The recent devastating floods have caused immense...

Flood causes loss of over Tk 15.90b in fisheries, livestock sector: Adviser

2024-08-26 00:00:00

Fisheries and Livestock Adviser Farida Akhter said on Sunday the devastating floods in 86 upazilas of 12 districts caused an estimated loss of over Tk 15.90 billion in the fisheries and livestock sector, reports BSS."The flash floods have incurred a...

Ukraine extends 'early consent' deadline for debt restructuring

2024-08-26 00:00:00

Ukraine extended an incentivised "early consent" deadline on Friday for international bondholders to back its plan to restructure more than $20 billion of its debt due to what it described as "technical issues", reports Reuters.The deadline was due to run...

Mercantile Bank donates Tk 20m to flood victims

2024-08-26 00:00:00

Mercantile Bank has donated Tk 20 million for relief and rehabilitation of flood victims. Md. Quamrul Islam Chowdhury, managing director, and Mati Ul Hasan, additional managing director of the bank, has deposited one day's salary of the bank's officials to...

Southeast Bank signs agreement with Genex Infosys

2024-08-26 00:00:00

Southeast Bank has recently signed an agreement with Genex Infosys at the bank's head office, marking a step forward in the financial technology sector, according to a press release. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, and Shah...

BRAC Bank gives Tk 50m for rescue efforts in flood affected areas

2024-08-26 00:00:00

BRAC Bank has announced a contribution of Tk 50 million to the Bangladesh Air Force (BAF) to support their ongoing rescue and relief operations in the flood-affected areas of the country. This decision, made with the wholehearted support of the...

Brokers recommend candidates for independent directors

FE REPORT | 2024-08-26 00:00:00

Brokers have demanded non-political appointment in the independent director posts of the Dhaka Stock Exchange (DSE).In a letter to the economic advisor of the interim government, they also provided a list of professional people for selection for the positions.All seven...

GPH Ispat rises on high hopes for rights shares

FE REPORT | 2024-08-26 00:00:00

The stock price of GPH Ispat jumped 4.44 per cent to Tk 28.2 per share on the Dhaka Stock Exchange (DSE) on Sunday after the steel manufacturer announced its decision to issue right shares. The board of the Chittagong-based steelmaker...

BSEC chair unveils a roadmap to efficient market

FE REPORT | 2024-08-26 00:00:00

Transparency and accountability will be ensured in the stock market and those who have been involved in irregularities in the past will be punished based on probe findings, said the new chief of the securities regulator."We will thoroughly investigate the...

Ex-BCL gen secy Ishaque Ali Khan Panna 'dies' in Meghalaya

2024-08-26 00:00:00

Ishaque Ali Khan Panna, the former general secretary of Bangladesh Chhatra League (BCL), has allegedly died after falling from a hill in Shillong in India's Meghalaya, reports bdnews24.com.Panna slipped and fell to his death on Saturday morning, said his nephew...

Lies being spread against media using students’ movement

2024-08-26 00:00:00

A vested quarter is spreading propaganda against media using the name of Anti-Discrimination Student Movement, said Chief Adviser's (CA) office in a message on Sunday, reports UNB."Using the name of Anti-Discrimination Student movement, the vested quarter is spreading propaganda against...

12-Party Alliance for stepping up efforts to help flood-hit people

FE REPORT | 2024-08-26 00:00:00

The BNP-led 12-Party Alliance called for intensifying the ongoing relief efforts for helping the flood-affected people in the country. It also requested the countrymen to stand beside the flood victims with their all means. The Alliance made the appeal at...

AL leader Abdus Sobhan Golap, ex-minister Golam Dastgir Gazi arrested

2024-08-26 00:00:00

Detectives in a drive arrested Awami League (AL) leader and former lawmaker Abdus Sobhan Miah Golap from the capital's Tejkunipara on Sunday, report agencies. A DB official requesting anonymity confirmed the arrest. Golap was arrested around 2:00 pm in a...

BNP to give govt logical time, not indefinite period, for polls: Fakhrul

2024-08-26 00:00:00

SYLHET, Aug 25 (UNB): BNP Secretary General Mirza Fakhrul Islam Alamgir has said his party is willing to give the current interim government a reasonable time, not an indefinite time, to hold an acceptable election by reforming all the institutions.While...

Weather (2024-08-26)

2024-08-26 00:00:00

Light to moderate rain/thunder showers accompanied by temporary gusty/squally wind is likely to occur at most places over Khulna, Barishal and Chattogram divisions in the next 24 hours from 06:00 am today (Monday), according to the Met Office.The highest temperature...

Justice Manik moved to ICU

2024-08-26 00:00:00

SYLHET, Aug 25 (UNB): Jailed retired Supreme Court Justice AHM Shamsuddin Chowdhury Manik has been transferred to the Intensive Care Unit (ICU) at Sylhet Osmani Medical College Hospital (SOMCH) following surgery to stop internal bleeding from ruptured testicles.Jail authorities said...

Janmashtami today -

2024-08-26 00:00:00

The Hindu community in Bangladesh is set to celebrate Janmashtami, marking the birth of Lord Krishna, today (Monday) with due religious fervor, reports UNB.According to Hindu religion, Lord Vishnu incarnated in the universe as Lord Krishna in the prison of...

Civic body calls for river dredging to combat floods

2024-08-26 00:00:00

The National Committee to protect Shipping, Roads and Railways (NCPSRR) on Sunday called for dredging and excavation of all rivers in the country to deal with annual floods, reports UNB.Besides, the civic organisation demanded to investigate the corruption and looting...

Writ challenges legality of Article 116 of Constitution

FE REPORT | 2024-08-26 00:00:00

A writ petition has been filed with the High Court (HC), challenging legality of the Article 116 of the Constitution that vested the control and discipline of persons employed in the judicial service and magistrates exercising judicial functions in the...